Tag Archives: South African small and medium-sized enterprises

How SARS is helping companies to be conscious capitalists

Businesses that have purposefully moved from a shareholder-only focus to a corporate philosophy known as conscious capitalism have performed 10 times better than those that have not made the transition, according to Harvard Business Review. Such companies and brands are particularly sought out by socially conscious millennials – with a significant 40% more likely to base purchasing decisions on their ability to help certain causes. A recent report by Deloitte found that a corporate focus on social impact not only aids in attracting and retaining millennial talent, it can also boost both corporate growth and the bottom line. read more

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